South Asia continues to be the fastest growing sub-region, led by India : ADB

“Led by India, South Asia will continue to be the fastest growing economic area despite new trade tensions in Asia and Pacific region, India’s economic growth will rise to 7.3 percent this fiscal and further to 7.6 percent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms,Although rising trade tensions remain a concern for the region, protectionist trade measures implemented so far in 2018 have not significantly dented buoyant trade flows to and from developing Asia “ said ADB Chief Economist Yasuyuki Sawada